Crypto Liquidations Hit $43.37 Million at Three Exchanges in One Hour

Crypto traders had $43.37 million in positions liquidated during the hour ending 1:20 p.m. ET (17:20 UTC) Oct. 16, with long positions accounting for $41.24 million, or 95% of the total. The tally counted 6,810 liquidations through 1:20 p.m. ET (17:20 UTC) Oct. 16, based on public liquidation data collected from Binance, Bybit and OKX. The $43.37 million total covers those three exchanges only and is not a marketwide figure. The exchange breakdown put Binance at $25.96 million, the largest venue total. OKX recorded $13.42 million, while Bybit accounted for $3.99 million. Short liquidations totaled $2.13 million, compared with $41.24 million in long liquidations. Among individual cryptocurrencies, Ether (ETH) led with $14.19 million in liquidations. Bitcoin (BTC) followed at $7.76 million, and Solana (SOL) totaled $2.99 million.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.